Haynes and Boone, LLP

Timothy E. Powers

Tim Powers is Haynes and Boone's managing partner. In his role as chief executive, Tim chairs the firm's executive committee and board of directors, and is responsible for developing and implementing the firm's strategy for achieving its goals and growth plans. He has been a longtime Haynes and Boone leader, holding numerous firm-wide roles, including department chair, practice management chair, marketing partner, lateral hiring partner and member of the compensation and appointments committees. He also has led the development of the firm's international practice, as well as its global geographic growth.

In his practice Tim is widely credited with having led the legal development of the subscription secured credit facility market, and he has helped build Haynes and Boone into a global leader in the representation of U.S. and foreign commercial and investment banks in subscription financings for private equity funds. To date he has advised lead agents and arrangers on more than 500 such facilities with an aggregate notional value in excess of $60 billion. In connection with his subscription finance practice, Chambers USA 2014, Chambers & Partners, has written that Tim is recognized by clients as "he originator and the expert in the industry, and an incredibly strong attorney, with a strong power base, excellent business sense, pragmatic, and with the ability to get things done effectively and in a no-nonsense manner."

Tim also has been involved in more than $1 billion in U.S. real estate investments by foreign investors. He edited Foreign Investment in U.S. Real Estate: A Comprehensive Guide, and co-edited Complying with FIRPTA: A Manual of Forms, and the USA Chapter of The International Comparative Legal Guide to Real Estate. He has worked extensively with Japanese clients in connection with their U.S. business ventures and investments, including serving in general counsel-type roles for U.S.-Japanese semiconductor joint ventures.

In one of his more intriguing engagements, Tim represented the First National Bank of Whitewright in connection with the safe return of the Quedlinburg Treasures to its German owners. In the book, Treasure Hunt, the account of the theft labeled as one of the greatest and longest unsolved art thefts of the 20th Century, Tim's "great integrity" in the handling of the case is credited as a primary reason for the restoration of these medieval art works to their rightful owners.

A recognized leader of the bar, Tim has held senior leadership positions in the International Bar Association, American Bar Association, State Bar of Texas and The Center for American and International Law (formerly The Southwestern Legal Foundation). He is a member of the executive board of Southern Methodist University Dedman School of Law, and currently serves as president of the International Bar Association Foundation.

Under Tim's leadership, the firm became a founding member of The World Services Group, a multi-disciplinary network of independent law, accounting and investment banking firms whose members have more than 19,000 professionals in 550 offices across more than 100 countries. Tim served as the organization's 2003-2004 chairman.

Within the community, Tim has served in senior leadership roles and on the board of directors of the World Affairs Council of Dallas/Fort Worth, Dallas Regional Chamber, Dallas Committee on Foreign Relations, YMCA of Metropolitan Dallas, American Heart Association - Dallas Division, Japan America Society of Dallas/Fort Worth, Southern Methodist University Tate Lecture Series, Dallas Breakfast Group and Crossroads Community Services. He also has served as a trustee of The First United Methodist Church - Dallas.

Tim is also a member of the Council on Foreign Relations, the Dallas Citizens Council, the American Bar Foundation and the Texas Bar Foundation.

Tim's contributions to the profession have been widely recognized by his peers. As such, he has been listed in Chambers USA, Chambers & Partners, as one of America's Leading Lawyers for Business, Banking and Finance (2010-2016); as one of the Best Lawyers in America, Woodward/White, Inc. (2003-2017); as a "2017 Lawyer of the Year" for Project Finance Law by Best Lawyers, Woodward/White, Inc. (2017); as a Texas Super Lawyer, Thomson Reuters (2003-2016); as one of the ICFM 500 Leading Lawyers in the World by InterContinental Finance Magazine, Wide World Media Ltd. (2015); and as one of the World's Leading Real Estate Lawyers by Euromoney, Euromoney Institutional Investor PLC (1998, 2002, 2012, 2013) and by Who's Who Legal, Law Business Research Ltd (2017). Tim was recognized in "Best Lawyers of Dallas" by D Magazine, D Magazine Partners (2015-2016); was featured in D CEO Magazine's Dallas 500, D Magazine Partners, as "one of the most influential leaders in North Texas" (2015-2016); was recognized by Latin Lawyer 250, Law Business Research Ltd., (2016); was listed as a Leading Lawyer in Lawdragon 500, Lawdragon Inc. (2017); and is ranked by Martindale Hubbell Law Directory with a Peer Review Rating of AV Preeminent. The Sigma Chi Fraternity recognized Tim in 2015 with the Significant Sig Award.

Education

J.D., Southern Methodist University Dedman School of Law, 1980
B.A., University of California, Los Angeles (UCLA), 1977, with honors

A recent article in the Financial Times caused some raised eyebrows in the fund finance market by implying that subscription line facilities create substantial risks to banks and investors. The article references a memo on Oaktree Capital’s website by Howard Marks, Oaktree’s co-chairman and founder, in which he discusses some of the perceived costs and risks associated with such facilities. If readers dig into the memo, they will find that Mr...